Government Budgeting UPSC Questions

Economics

Government Budgeting MCQ Questions


7.
The consumption of goods are said to be rivalrous in
A.
Capital budget
B.
Private goods
C.
Static budget
D.
Market economy
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ANSWER :
B. Private goods
8.
Spot the odd one out, considering the characteristics of Public goods.
A.
Non-excludable
B.
Non rivalrous
C.
Free-riders
D.
Rejectability
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ANSWER :
D. Rejectability
9.
The non-paying users in public goods are called
A.
Pillion rider
B.
Free rider
C.
Piggyback rider
D.
Pizza rider
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ANSWER :
B. Free rider
10.

Examine the following statements, and choose the option that suits the best.
Statement 1: Public provision means that they are financed through the budget and can be used without any direct payment.
Statement 2: When goods are produced directly by the government it is called public production.

A.

Statement -1 is true, statement -2 is true;
statement -2 is the correct explanation for statement -1.

B.

Statement -1 is true, statement -2 is true;
statement -2 is NOT the correct explanation for statement -1.

C.

Statement -1 is true,
statement -2 is false.

D.

Statement -1 is false,
statement -2 is true.

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ANSWER :

B. Statement -1 is true, statement -2 is true;
statement -2 is NOT the correct explanation for statement -1.

11.
The total national income of the country either goes to the private sector or
A.
Government
B.
Household
C.
Industries
D.
Companies
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ANSWER :
A. Government
12.
Out of private income, what finally reaches the households is known as _____
A.
Public income
B.
Private income
C.
Personal income
D.
Mixed income
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ANSWER :
C. Personal income